Another test of the lower end of the triangle ongoing...let's see!
But bulls seem to be tired.
Bears dipping their paws into some weakish resistance lines.
I'm ready for surprises, don't care which sort of.
EDIT: Seems we're in for another round of Bitcoin Limbo?
Seems to me that we are getting the stability that "some of us" were wishing for on the way UPpity from about $20k to $42k, and there were quite a few of "us" who were hoping that some stability would come to BTC.. but they were wishening for such stability at or near the top of the cycle, and many of us likely realize that bitcoin no doesn't work like dat.
If we are going to get "stability" even for a decent amount of time, we have to get some kind of meaningful correction from the topish area.. Of course, there are no set rules, but to get a 15% to 25% correction and then get caught in such a 15% to 25% correction range would not be out of the ordinary... so sure it could go deeper than that or it could go less than that before maybe getting stuck in a kind of consolidation area that could take a while to sort out, if we are not continuing UPpity in the near future, but instead pausing for anywhere between a few weeks (which we have already had a couple of weeks of discontinuation of UPpity) to a few months, and at the same time, the bears are going to drive the BTC price down as low as they can and keep it down as long as they can, so one of the major questions remains regarding how far they are going to be able to go under the current macro-climate and how long are they going to be able to keep it there.
Any crystal balls... sure there are, but one of the best crystal balls is going to take a lot of this with a considerable grain of salt in terms of trying to assign any kind of high level of certainty in terms of knowing either the depth or the duration of whatever "push towards stability" we happen to be within currently as I type this post.
